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Heads Up — Presentation of research & development (R&D) tax offset

Published on: 02 May 2014

This Accounting alert (Heads up) from Deloitte (Australia) provides an overview of a number of accounting issues arising from the 'Research & Development Tax Offset' (R&D Tax Offset) available under Australian income tax law. 

The R&D Tax Offset, also known as the R&D Tax Incentive, replaced the R&D Tax Concession for research and development expenditure incurred in income years commencing on or after 1 July 2011. It provides for a 45% refundable tax offset for eligible R&D entities with an aggregated turnover of less than $20 million per annum that are not controlled by exempt entities (refundable R&D credit); or a non-refundable 40% tax offset for all other eligible companies.


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